• Strong demand in Q2 2018 pushed the marketwide vacancy rate down 480 bps year-over-year to 11.4%. 
  • In the second quarter of 2018, net absorption reached 96,733 sq. ft. This marked continued improvement from across metro Tucson.
  • Net absorption in Q2 2018 was bolstered by the North Central and Downtown submarkets, which accounted for 51,055 sq. ft. and 39,772 sq. ft., respectively.
  • No new office product was delivered during the second quarter of 2018, however, one adaptive reuse project totaling 29,000 sq. ft. came online while 437,155 sq. ft. of new construction is underway.